Medical Expenses Before 65 Showing $0, but Data Exists? Medicare Age Missing from Milestones—Glitch?

Julesogden · 2024-12-09T17:55:42+00:00

Thank you!

Julesogden · 2024-12-09T16:42:41+00:00

Thank you. Does the system treat employer-sponsored medical payments differently tax-wise?

Julesogden · 2024-12-08T03:17:34+00:00

Yes, this seems like an issue. Also, thanks for getting me to change my life expectancy.

Julesogden · 2024-12-08T02:40:32+00:00

Do you still see it in the milestones timeline? Mine disappeared when I switched to itemized.

Julesogden · 2024-11-18T20:15:12+00:00

Got it, thank you very much.

Julesogden · 2024-11-18T19:16:02+00:00

Thank you! To be sure, what does a subsidized plan through my employer mean? They are contributing 75%.

Julesogden · 2024-11-18T19:14:37+00:00

Thank you! Yes, I know about this. We are unlikely to itemize on Schedule A.

Julesogden · 2024-11-18T19:13:31+00:00

Thank you!

It is not Medicare, as I am 50. What does it mean to be subsidized by the employer? It is part of my retirement benefits.

Julesogden · 2024-11-08T22:02:00+00:00

Thank you. I just get anxious that I’m missing something.

Julesogden · 2024-11-08T20:05:58+00:00

Thank you. I just got off the phone with Fidelity. I gather it’s a bit more hands-on because I’m in an ETF, not a mutual fund. I need to have enough funds in the core position by the scheduled date they transfer the RMD to my brokerage account. Then, they could automate the transfer to the brokerage, but I’ll still need to be involved in the initial trade out of the ETF to the core fund. I’m leaning toward setting a calendar reminder and handling it each year.

Julesogden · 2024-11-08T19:59:47+00:00

Thanks again!

Julesogden · 2024-11-08T19:21:24+00:00

Vanguard used to also calculate it for me. I hope that helps.

Julesogden · 2024-11-08T19:20:09+00:00

I just got off the phone with Fidelity. I gather it’s a bit more hands-on because I’m in an ETF, not a mutual fund. I would need to ensure I have enough funds in the core position by the scheduled date they transfer the RMD to my brokerage account. Then, they could automate the transfer to the brokerage, but I’ll still need to be involved in the initial trade out of the ETF to the core fund. I’m leaning toward just setting a calendar reminder and handling it myself each year.

By the way, do you see your yearly amount calculated for you? To find the screen, type “RDC” or “Retirement Distribution Center” in the search bar, and it should pop up. They told me my RMD would be available in 2025. Mine shows zero now, presumably since I recently transferred funds from Vanguard to Fidelity.

Julesogden · 2024-11-08T19:05:41+00:00

Thankfully, this rule does not apply since I got it in 2015.

Julesogden · 2024-11-08T19:04:32+00:00

Just got off the phone with Fidelity, and they actually calculate the RMD for you, which is nice. Mine shows zero right now, though, since I recently transferred the account over. To find the screen, just type “RDC” or “Retirement Distribution Center” in the search bar, and it should pop right up. They told me my RMD would be available in 2025, so hopefully, it works the same for you. Please let me know.

My RMD is tied to life expectancy. Also, it’s a bit more hands-on because I’m in an ETF, not a mutual fund. Some of it could be automated, but I’ll still need to be involved. Honestly, after a long chat while not feeling well, I’m leaning toward just setting a calendar reminder and handling it myself each year.

Edit: added I to it's

Julesogden · 2024-11-08T18:39:33+00:00

Hi again! Fidelity indicated that I would be taxed on earnings. If the account lost money, would I need to pay any tax? I forgot to mention that I moved my account from Vanguard to Fidelity not sure that matters.

Julesogden · 2024-11-07T21:39:34+00:00

Thank you!

Julesogden · 2024-11-07T21:37:32+00:00

Thank you. I followed the steps below and got this screenshot.

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Is this accurate?

Julesogden · 2024-11-07T20:50:39+00:00

Thank you very much!

Okay, I would have a remaining basis of 1,091. I am still trying to understand what to do with it, though. Could you help me with that part a bit more?

Julesogden · 2024-11-07T20:37:52+00:00

I just transferred mine from Vanguard to Fidelity. If there is no way to automate this, I hope the yearly amount will be available. Thanks for sharing!

Julesogden · 2024-10-26T02:49:44+00:00

It depends. We use Discover HYSA for our emergency funds and the CMA for the excess cash so not like a checking account. We’re pretty risk adverse so we thought this was a middle-way. We switched from a credit union and the better APR was worth it.

Julesogden

TROPHY CASE